Illustration – Photo:

Industrial output down 4.1 percent in March

Output of Hungary's industrial sector fell by an annual 4.1 percent in March, the Central Statistical Office (KSH) said in a second reading of data on Friday.

March output dropped by 4 percent when adjusted for the number of working days.

Month on month, output edged up a seasonally and working day-adjusted 0.2 percent.

Industrial exports edged up an annual 0.4 percent. Automotive exports jumped by 31 percent, while electrical machinery manufacturing was up 23 percent.

Output of the food, drinks and tobacco segment slipped by 13.3 percent.

Industrial sales fell 7.5 percent in March. Export sales edged up 0.4 percent but domestic sales dropped by 17 percent.

For the period January-March, output dropped by an annual 3.1 percent.

Leave a Reply